Plutux
$2.14
-0.70%
2026-09-04 09:42:11 EDT-$0.01
Utilities
Regulated Electric
NYSE
Active Trading

Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire ...

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$2.14
-0.70%-$0.01
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52W High-19.1%
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VolumeSMA5SMA10
Companhia Energética de Minas Gerais S.A. (CEMIG), listed in the U.S. under ticker CIG, is one of Brazil’s major utility groups headquartered in Belo Horizonte, Minas Gerais. Founded in 1952, the company is structured to deliver services throughout the electricity value chain, combining regulated utility operations with additional energy-related and ...Companhia Energética de Minas Gerais S.A. (CEMIG), listed in the U.S. under ticker CIG, is one of Brazil’s major utility groups headquartered in Belo Horizonte, Minas Gerais. Founded in 1952, the company is structured to deliver services throughout the electricity value chain, combining regulated utility operations with additional energy-related and technology offerings. Business model and operations: CEMIG’s core business is the generation, transmission, distribution, and commercialization of electric energy. Its operating footprint includes a mix of hydroelectric, wind, and solar generation assets, and it also manages large-scale grid infrastructure that supports electricity delivery to end customers. Like many integrated utilities, revenue and profitability are strongly linked to regulatory frameworks, tariffs, and long-term planning for reliability and investment. Beyond electricity delivery, the company is active in the gas sector—covering acquisition, transportation, and distribution of natural gas and related derivatives—broadening its energy-services footprint. Products and services: In addition to conventional utility services, CEMIG provides technology and specialized services related to energy and public service concessions. These services are described as including cloud solutions, IT infrastructure and management, cybersecurity, and operational oversight systems for concession management. The company also engages in activities such as energy trading and distributed generation initiatives, supporting both grid operations and customer/market-facing energy solutions. Scale and infrastructure: The company’s profile includes substantial distribution and transmission networks and a portfolio of generating facilities, reflecting the capital-intensive nature of the sector. This infrastructure base typically requires significant ongoing capital expenditure for maintenance, modernization, and expansion—costs that are characteristic of regulated utilities. Financial and cost considerations (high level): Utility earnings are commonly influenced by how regulation allows returns on invested capital, the cost of debt, operating efficiency, and the timing of capex versus tariff adjustments. CEMIG’s valuation metrics shown in the provided data (e.g., market capitalization and enterprise value multiples) suggest an ongoing investor focus on stable utility cash flows and infrastructure-driven capital intensity. As a result, management priorities often include maintaining service reliability, controlling operating costs, and ensuring that investment programs remain aligned with regulatory approval and funding conditions. Key people: The CEO listed in the provided information is Reynaldo Passanezi Filho. Leadership of an integrated utility typically spans regulatory strategy, capital allocation, grid investment execution, and technology modernization. Wishes and strategic direction (contextual): Given CEMIG’s stated technology and distributed generation involvement, a likely strategic direction is balancing regulated infrastructure investment with digital/IT capabilities (including cybersecurity and concession operations systems) and expanding energy solutions that support evolving customer demand and energy transition dynamics.
Founded
1952
Employees
5320
CEO
Reynaldo Passanezi Filho
Full Name
Companhia Energética de Minas Gerais
Sector
Utilities
Industry
Regulated Electric
ROE
15.93%
Market Cap
$6.11B
Current Ratio
1.17
WACC
5.84%
ROIC
16.35%

Contact Information

55 31 3506 5024
Avenida Barbacena, 1200, Belo Horizonte, MG 30190-131

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